Travel + Leisure (NYSE:TNL) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Travel + Leisure (NYSE:TNL) announced its earnings results on Wednesday. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12, Briefing.com reports. The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS.

Travel + Leisure Trading Down 0.7 %

Shares of TNL traded down $0.34 on Thursday, reaching $45.90. 232,270 shares of the company’s stock traded hands, compared to its average volume of 553,659. The stock has a market cap of $3.27 billion, a PE ratio of 8.60, a PEG ratio of 1.25 and a beta of 1.63. The stock’s 50 day simple moving average is $45.34 and its two-hundred day simple moving average is $40.41. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is presently 37.59%.

Analysts Set New Price Targets

TNL has been the topic of several recent research reports. Truist Financial increased their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. JMP Securities initiated coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target on the stock. Mizuho initiated coverage on Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $57.00 in a report on Tuesday, January 2nd. Finally, Barclays increased their price objective on Travel + Leisure from $37.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 2,969 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $99,408.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the sale, the insider now directly owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $99,408.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,922 shares of company stock valued at $1,318,358. 4.02% of the stock is owned by insiders.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.